Posted on: 27th Jul, 2012 04:48 am
i have loan of 230,000 (value of home: 280,000) at 3.875% for 30 years. i am only 5 months into loan and owe $228,000. it looks like 15 year loans are now under 3%. wondering if i should refinance to 15 year loan or prepay on the 30 year loan? my goal is to pay off house 15-20 years.
Hi dmcother,
You can check out a discussion on the same topic from the given page:
http://www.mortgagefit.com/refinance/pay-extra.html
You can check out a discussion on the same topic from the given page:
http://www.mortgagefit.com/refinance/pay-extra.html